Dril-Quip, Inc.announced net income of $28.1 million, or $0.70 per diluted share for the three months ended December 31, 2011, versus net income of $20.9 million, or $0.52 per diluted share for the fourth quarter of 2010. Total revenues were $171.6 million during the quarter ended December 31, 2011
Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Camp
DONG Energy and Bayerngas have decided to develop the Hejre field in the Danish North Sea. DONG Energy is the operator and has a 60 per cent stake in the field. Bayerngas owns 40 per cent. The total investment in the development of the Hejre field is DKK 12.1 billion. DONG Energy’s share is DKK [&he
Docking-based Tidal Transit has won its first contract in the offshore servicing industry for its state-of-the-art support vessel Ginny Louise. The contract was signed with Greater Gabbard Offshore Wind Ltd, which is developing the 140-turbine Greater Gabbard offshore wind farm off the Suffolk coast
SeaBird Exploration PLC has received a Letter of Award for a major contract of 3D seismic work from a major oil company offshore Sub Sahara Africa. The contract represents a value in the range of US$ 11-12 million. The work will commence in early Q2 2012 and has an expected duration of several month
Cortland parent company, Actuant Corporation announced that it has acquired Jeyco Pty Ltd (“Jeyco”). Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to offshore oil & gas companies on the north-west shelf of Australia and t
The Naval Oceanographic Office (NAVOCEANO) Fleet Survey Team (FST) completed survey operations in the coastal waters of Cartagena, Colombia Feb. 23. The FST surveys of Cartagena Bay was part of Oceanographic-Southern Partnership Station 2012 (O-SPS 12) and provided an opportunity to assist Colombia
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 100 met
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore oil and gas industry today reported record performance in revenue of US$654.5 million for the full year ended December 31, 2011 (“FY2011”). The Group achieved a 7.1% increase in net profit to
MEO Australia Limited announces that its wholly owned subsidiary Rayong Offshore Exploration Limited has executed a binding farm-in agreement with Pearl Oil Offshore Limited to acquire a 50% Participating Interest in the Block G2/48 Concession in the Gulf of Thailand. G2/48 is located in shallow wat
Technip was awarded by Petrobras a highly technological lump sum contract for the Guara & Lula Nordeste pre-salt field development located in the Santos Basin, offshore Brazil, at a water depth of 2,250 meters. The contract covers the manufacture of 24 kilometers of 6’’ gas injection flexible lines
Du reports that its undersea cable between Dubai and Oman has been repaired. The company official says: “We are happy to report that there was no impact on speed and internet browsing experience except for the first hour after the cable cut, prior to diverting traffic from the affected cables. We al
Fugro Singapore has been awarded a major offshore geotechnical investigation contract by Reliance Industries Ltd on the East Coast of India. Fugro will perform geotechnical investigations, laboratory testing and foundation design studies to allow detailed design of subsea infrastructure for the Dhir
Total, operator of Block OML138, announces the start-up of production of the offshore Usan field in Nigeria, in line with the planned schedule. Usan is the second deep offshore development operated by Total in Nigeria, coming on stream less than three years after Akpo. Discovered in 2002, the Usan f
